Balcones Resources’ Board Elects Former CFO, Adam Vehik, as President of the Austin-Based Recycling Company
October 15, 2020
October 15 – On August 25, 2020, Adam Vehik was elected by the Balcones Resources’ Board of Directors to assume the responsibilities of President of the Corporation. Vehik will assume his post as President immediately, leading the continued growth of the company following its acquisition of Sarasota-based, AI-powered recycling facility, Single Stream Recyclers (SSR).
Prior to his 10-year tenure as Chief Financial Officer of Balcones Resources, Vehik had an extensive career in finance, law, marketing, and strategy & technology commercialization, spending four years in private equity and working in the White House during the Clinton Administration. He also garnered international experience, working in Johannesburg, South Africa and Granada, Nicaragua, and conducting expeditions in the Arctic Circle and Australian Outback, studying applications of closed loop ecosystems across a variety of contexts. For the last five years, he has served as a Board Member for Hill Country Conservancy, the most influential land trust in Central Texas. Vehik received his JD and MBA from the University of Arkansas, received his undergraduate degree in Economics from Vanderbilt University, and studied International Economics in Perth, Australia and International Law in Prague, Czech Republic.
Backed by leading circular economy investment firm Closed Loop Partners, Balcones Resources is an Austin-based environmental services company whose primary business is related to the collection, processing and selling of recyclable materials in the commercial and residential sectors of our economy. Today, Balcones processes and sells more than 250,000 tons of recyclables per year in Austin, Dallas, Little Rock, and Sarasota. The company’s recent acquisition of Single Stream Recyclers will help support its continued growth and the scaling of a circular economy in the South.
Disclaimer:
This publication is for informational purposes only, and nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy any interest in any investment vehicle managed by Closed Loop Capital Management or any company in which Closed Loop Capital Management or its affiliates have invested. An offer or solicitation will be made only through a final private placement memorandum, subscription agreement and other related documents with respect to a particular investment opportunity and will be subject to the terms and conditions contained in such documents, including the qualifications necessary to become an investor. Closed Loop Capital Management does not utilize its website to provide investment or other advice, and nothing contained herein constitutes a comprehensive or complete statement of the matters discussed or the law relating thereto. Information provided reflects Closed Loop Capital Management’s views as of a particular time and are subject to change without notice. You should obtain relevant and specific professional advice before making any investment decision. Certain information on this Website may contain forward-looking statements, which are subject to risks and uncertainties and speak only as of the date on which they are made. The words “believe”, “expect”, “anticipate”, “optimistic”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. Closed Loop Capital Management undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. Past performance is not indicative of future results; no representation is being made that any investment or transaction will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided.
Related posts
Press Release
Closed Loop Partners Acquires Majority Stake in Sage...
Amidst the rapid growth of e-waste, Closed Loop...
Press Release
Apkudo Secures $37.5 Million in Series C Funding, Accelerating...
The Apkudo Circular Industry Platform enables supply...
Press Release
Closed Loop Partners’ Private Equity Fund Announces...
Closed Loop Partners’ Leadership Fund Continues to...
Press Release
A Closed Loop Partners Managed Investment Fund Leads...
Sims Municipal Recycling manages several municipal...
Press Release
SK Global Chemical Invests $10 Million with Closed...
With a rapidly evolving plastics industry and increasingly...
Press Release
Closed Loop Partners and ERI Enter Strategic Partnership...
Closed Loop Partners makes a significant strategic...
Press Release
Unilever North America Investment Will Recover More...
Unilever will collect more plastic than it sells by...
Press Release
Nestlé Invests USD 30 Million in Closed Loop Leadership...
Nestlé today announced a USD 30 million investment...
Press Release
Balcones Resources Acquires Florida’s First AI-Powered...
Closed Loop Partners, Balcones Resources and Single...
Press Release
Closed Loop Partners Acquires a Stake in Balcones Resources...
Closed Loop Partners and Balcones Resources will expand...